Bakkt Bitcoin Futures Are Coming!
We did crash back to $6,800 levels yesterday which is what I figured but what I was not expecting was the news that came out today about Bakkt launching bitcoin(BTC) Futures.
(Just a side note another reason why Bitcoin Cash and Bitcoin SV are crap only BTC is being used for these markets at first lol)
Bakkt has been delayed many of times and honestly I was expecting them to drag their feet even longer on this.
Bakkt is working closely with bank BNY Mellon (Hint: You may way to check out their stock which pays out a 2.21% dividend yield) - Also not professional advice do your own research before investing
Now the part you most likely all are looking for...
This is not happening till July at the earliest
What this means ?
The rally currently is based on news and optimism that Bakkt will in fact launch in July and no longer be delayed. It also means this rally does not have to much to back it up yet. To me that is a weak rally that will slip back from its highs.
I still firmly believe their will be a large retraction backwards as we process through this month. There are some rather large whales that have dumped into BTC lately and they might just dump out here soon to claim profits and then buy some more on the fall they create.
I hope some more crash for BTC in near future.
Posted using Partiko Android
It will be interesting to se what support levels are created with a substantial pullback. If $6k holds, it could be pretty bullish!
Posted using Partiko iOS
Seen this?
and now we are at 7,700 there is not much holding it at that 8k level just speculation at the moment
Ive gotten a huge amount of information through your posts, glad to be following
Hi, @bitcoinflood!
You just got a 14.53% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.